<h1>Plastic machinery manufacturer launches Rs 180 crore QIP at Rs 114.42 floor price for expansion</h1> A Rajkot-based plastic extrusion machinery manufacturer has launched a qualified institutional placement (QIP) issue to raise Rs 180 crore. The company's board approved the equity share issue with a floor price of Rs 114.42 per share, running from July 15 to July 21. The issue may offer up to 5 percent discount on the floor price. The company plans to deploy up to Rs 160 crore from the proceeds for business expansion through inorganic growth, with remaining funds allocated for general corporate purposes. The manufacturer reported revenue of Rs 253.65 crore and profit after tax of Rs 38.11 crore for the financial year 2024-25.